secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001552797-24-000027
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DKL investor deck highlights FY2023 results and $650M debt refinancing
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- FY2023 Adj. EBITDA $385.1M, net income $126.2M, distributable cash flow $248.2M.
- Distribution rate $4.22/unit annualized (~10% yield); DCF coverage 1.37x; leverage ~4.34x.
- Closed $650M 8.625% Senior Notes due 2029 on March 13, 2024 to extend debt maturity.
- Closed follow-on offering of 3.6M common units on March 12, 2024; pro forma leverage improved.
- MVC gross margin up 24% YoY; third-party gathering revenues up 33% vs FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000027/0001552797-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000027/dkl-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001552797-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer